Reserve Rights (RSR) API and Price Oracle

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Reserve Rights

For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
Blockchain network where the asset is deployed
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
Volume 24h
Trades 24h
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Token information

What is Reserve Rights (RSR)?

Reserve Rights (RSR) is a digital asset protocol designed to create a stablecoin ecosystem. It aims to facilitate the creation of stable tokens that maintain their value and enable seamless transactions. Founded in 2019 by Nevin Freeman and Reserve Holdings, RSR was designed to tackle hyperinflation and provide individuals with access to stable and reliable currencies. The name "Reserve" reflects its goal of building a reserve-backed stablecoin system.

How does Reserve Rights work?

Reserve Rights is a decentralized stablecoin project that aims to provide a stable, global currency that is resistant to hyperinflation and censorship. It utilizes blockchain technology to achieve its goals.

Reserve Rights operates on the Ethereum blockchain, making use of smart contracts to enable its functionality. The project utilizes a dual-token model that consists of the Reserve Token (RSV) and the Reserve Rights Token (RSR).

The Reserve Token (RSV) is designed to be a stablecoin that maintains a 1:1 peg with the US Dollar. It achieves price stability through a variety of mechanisms, such as the use of collateralized assets and an algorithmic stabilization protocol. This ensures that RSV remains immune to the volatility commonly associated with other cryptocurrencies.

On the other hand, the Reserve Rights Token (RSR) is used to facilitate the stability and liquidity of the Reserve system. Holders of RSR have certain rights, such as the ability to participate in the governance of the Reserve protocol.

The Reserve Rights platform functions by maintaining a collateral pool of assets, which provides stability and backing to the Reserve Token. Additionally, the protocol employs algorithms and incentives to incentivize holders to stabilize the ecosystem and maintain the peg to the US dollar.

In summary, Reserve Rights is a decentralized stablecoin project that operates on the Ethereum blockchain. It utilizes a dual-token model, consisting of the Reserve Token (RSV) and the Reserve Rights Token (RSR), to achieve stability and resilience against hyperinflation and censorship. Through its smart contract-based mechanisms, Reserve Rights aims to provide a reliable and accessible global currency.

What are the benefits of Reserve Rights?

Reserve Rights (RSR) is a blockchain-based platform that aims to provide stability and liquidity to its users. It offers several benefits compared to its direct competitors, such as Tether (USDT) and Dai (DAI).

1. Decentralization: Unlike Tether, which has faced criticism for its centralized nature, Reserve Rights is built on a decentralized blockchain. This means that it is less susceptible to manipulation or censorship, providing users with trust and transparency.

2. Stability: Reserve Rights seeks to achieve stability by maintaining a peg to the US dollar. While Tether and Dai also aim for stability, Reserve Rights utilizes a dynamic supply mechanism to adjust the token supply based on demand. This feature helps to mitigate volatility and maintain a relatively stable value.

3. Accessibility: Reserve Rights aims to provide financial services to the unbanked and underbanked populations worldwide. This inclusivity is an advantage compared to competitors like Tether and Dai, which primarily target users within the cryptocurrency space.

4. Growth potential: Reserve Rights has gained significant attention and partnerships, including with Coinbase and Binance. This highlights its growth potential and its ability to attract support from prominent players in the blockchain industry.

5. Cross-chain compatibility: While Tether operates primarily on the Ethereum blockchain and Dai on the MakerDAO platform, Reserve Rights aims to be cross-chain compatible. This means that it can potentially integrate with multiple blockchains, enhancing interoperability and expanding its user base.

It is important to note that the comparison between Reserve Rights, Tether, and Dai is based on their respective goals, mechanisms, and market positioning. Individual preferences and risk tolerance should be considered when evaluating and choosing a stablecoin.

What is Reserve Rights used for?

Reserve Rights (RSR) is a cryptocurrency token that is utilized within the Reserve protocol. The Reserve protocol aims to create a decentralized stablecoin that can be used as a stable store of value and a medium of exchange. The protocol maintains a collateral pool of assets, including other cryptocurrencies and fiat currencies, to support the stability of the stablecoin.

RSR token serves a crucial role within the Reserve protocol. It is used for several purposes, including governance, collateral, and stability.

In terms of governance, RSR holders can participate in the decision-making process by voting on important protocol upgrades and changes. This enables token holders to have a say in the direction and development of the Reserve protocol.

Additionally, RSR tokens can be utilized as collateral for loans. Users can lock up their RSR tokens as collateral to borrow stablecoins or other assets within the Reserve ecosystem. This provides liquidity to token holders and allows them to access additional funds without needing to sell their RSR tokens.

One specific case where Reserve Rights is relevant is in regions with unstable or unpredictable local currencies. Users can effectively hedge against inflation and currency devaluation by holding Reserve stablecoins. By converting their local currency into a stablecoin like Reserve, individuals and businesses can preserve the value of their assets and engage in transactions without worrying about drastic fluctuations in their local currency's value.

In conclusion, Reserve Rights (RSR) is a token utilized within the Reserve protocol, serving purposes such as governance, collateral, and stability. It offers users the ability to participate in protocol decision-making, use RSR as collateral for loans, and benefit from the stability of a decentralized and collateralized stablecoin, particularly in regions with volatile local currencies.

What is DIA's Reserve Rights API?

DIA's Reserve Rights API is an essential tool that provides developers with real-time price feeds for various crypto assets. These price feeds are curated by aggregating data from over 85 on-chain and off-chain exchanges, allowing DIA to offer unparalleled access to information. While DIA does offer free API endpoints for testing purposes, their true power lies in their customizable capabilities.

Custom feeds are where DIA truly shines. With custom API data feeds, users can tailor their configurations according to their specific needs. They have the flexibility to choose their preferred sources, methodologies, update mechanisms, and more. DIA encourages users to reach out through Discord or Telegram to request a custom feed.

This functionality opens up a world of possibilities for various use cases within the blockchain ecosystem. In DeFi, the price information from DIA's APIs can be leveraged in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets, among others. Moreover, in the NFTfi space, DIA's APIs can facilitate peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

It is important to highlight that while DIA provides free API endpoints for testing, the true value lies in the ability to craft customized feeds according to individual requirements. This shows DIA's commitment to meet the unique needs of developers and users in the blockchain space. With DIA's Reserve Rights API, users can harness accurate and timely price data to enhance their blockchain applications and services.

What is DIA's Reserve Rights price oracle?

DIA's Reserve Rights price oracle is a smart contract that provides real-time price feeds of various crypto assets. DIA has integrated with over 35 layer 1 and layer 2 networks, enabling the deployment of price oracles across multiple blockchains. These price feeds are constructed by aggregating raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges. DIA's extensive data sourcing capabilities set it apart from other web3 data providers.

While DIA offers (free) demo oracles for developers to test, these demo oracles are solely intended for testing purposes and cannot be integrated into production applications. However, DIA also offers the flexibility to build custom price feed oracles. These custom oracles can be tailored according to specific requirements, including sources, methodologies, and update mechanisms.

To request a custom feed, users can easily get in touch with DIA through Discord or Telegram. Custom oracles provide users with greater control and enable them to obtain price information that aligns with their specific needs.

Blockchain oracles, such as DIA's price oracle, are external information providers that supply verified data from outside the blockchain to smart contracts. They play a crucial role in facilitating real-time data integration into blockchain applications, enabling use cases such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more in the DeFi space. Additionally, in the NFTfi ecosystem, DIA's oracles can be leveraged for applications like peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and many others.

For users seeking highly customizable and reliable price feeds, DIA's custom oracles offer a powerful solution.

Why use DIA's RSR API & price oracle?

DIA's RSR API and RSR Price Oracle offer a range of benefits for users in the blockchain ecosystem. These tools provide access to accurate and reliable price data for cryptocurrencies and NFTs, ensuring that users have the information they need to make informed decisions.

One of the main advantages of using DIA's API and Price Oracle for RSR token is the high level of customization available. With DIA's technology, users can tailor each oracle and API endpoint to suit the specific needs of their decentralized applications. This includes configuring the data sources, applying data cleaning filters, choosing pricing methodologies, and determining update mechanisms and frequency. This customization ensures that the data and oracle remain robust and resilient to market conditions, providing a tailored solution for every user.

Transparency is another major benefit of using DIA's API and Oracle feeds. DIA provides full and granular transparency across the entire data journey, giving users confidence in the reliability of the information they receive. Additionally, DIA offers various tracking and monitoring tools to closely track the oracle and API feeds, ensuring that users can stay informed and make real-time decisions based on the most up-to-date data.

Overall, DIA's RSR API and RSR Price Oracle provide users in the blockchain ecosystem with access to accurate and customizable price data, as well as transparency and monitoring capabilities. These tools empower users to confidently navigate the cryptocurrency market and make informed decisions.

Why use DIA data feeds and oracles?

DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.